LONDON, Aug 22 (Reuters) - Angola was offering its heavier
sweet crudes at high prices ahead of new low-sulphur fuel rules
for marine shipping, while more Nigerian programmes began to
emerge for October export.
NIGERIA
* Nigeria's NNPC lowered the September official selling
price (OSP) for Bonny Light, down to 145 cents from 163 cents
per barrel last month, and Qua Iboe to 144 cents from 157 cents
per barrel.
* October loading programmes continued to trickle out
including six cargoes of Amenam and five of Escravos.
* At least 20 cargoes remain for loading in Nigeria's
September programme.
ANGOLA
* State firm Sonangol was offering two cargoes of Dalia at a
premium of $3.00 compared to dated Brent and a cargo of Girassol
for $3.20 from the October programme.
* Trader reactions to the offers were mixed, with some
viewing them as surprisingly low, others as too high.
* Total was heard to still be holding the last crude left
for export in September, a cargo of Dalia.
* Angola, Chad and Cameroon are shaping up to be big winners
from new rules to cut sulphur emissions from ships, providing
just the heavy sweet oil best refined into cleaner fuels
mandated by the IMO 2020 rules effective Jan. 1. RELATED NEWS
* U.S. refineries have cut the volume of crude processed so
far this year, but stocks of gasoline and distillates remain
ample, highlighting the slack demand for transportation fuels.